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Burbank 60459 Burbank
8220 Latrobe Avenue
$229,500
● House - Off Market

8220 Latrobe Avenue

Burbank, IL 60459
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,111 Ft²
$224,976
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Amazing location and opportunity!! All brick ranch home with full finished basement. Extreme potential. Clean home, ready for your updates. 3 bedrooms all with Oak flooring. Kitchen has adequate counter and cabinet space with room for your kitchen table. 2 car detached garage and fenced in yard. Finished basement with cedar closet, and lots of storage! New furnace and newer windows. Close to Luther Burbank Elementary School. This community offers a Water Park and Rec Center, tons shopping, restaurants, and public transportation. Don't wait, make your appointment today.
Unit Size
1,111 Ft²
Days on Market
-
Land Size
-
Price per sqft
$198
Property Type
House
Property Taxes
$52
HOA Dues
-
Year Built
1961

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11412598)

Price History

Date / Event Date Event Price
May 31, 2023 Sold
Premium
Sold
Mar 11, 2023 Listed by RE/MAX 10 $359,900
Listed by RE/MAX 10
Brick Ranch with 4 bedrooms,2 baths finish basement ,2 car garage driveway,newer furnace,and windows ,close to schools ,and Reavis high school ,excellent water park and recreational center,shopping, public transportation , owner did an amazing job and updated this home granite countertops with love and care , owner is relocating.
Jul 6, 2022 Sold
Premium
Sold
Jun 15, 2022 Listed by Keller Williams Preferred Rlty $219,900
Listed by Keller Williams Preferred Rlty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,374
  • Total Building Area: 1,111
  • Gross Building Area: 1,111
  • Building Area: 1,111
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,111
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANK DE LUGACHS 79TH CICERO
  • Land Acres: 0000000238
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Burbank School District 111
  • Census Tract: 821102

Geography

  • District: 36
  • Parcel: 19-33-112-027-0000
  • Meridian: SEC 33 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.743
  • Longitude: -87.7524

    Address

  • Full Address: 8220 Latrobe Ave
  • Address - House Number: 8220
  • Address - Street Name: Latrobe
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C019
  • 4-Digit Zip Code: 2167
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $446,508
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2323
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 299,886
  • High Value: 369,568
  • Low Value: 230,203

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $98,550
  • Market Improvement Value: $141,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $9,855
  • Assessed Improvements Value: $14,145

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: Jun 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10011
  • Previous Sale Recording Date: Jul 25, 2022
  • Previous Sale Contract Date: Jul 06, 2022
  • Previous Sale Amount: $229,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Burbank

Stats & Trends

Median Asking:

$349,500

Sale Price/ft²

$226

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1998 ft²

Average Home Age

55.6 years

Currently For Sale

56 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5217 W 87th Street, Oak Lawn, IL, 60453

$1,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
5217 W 87th Street #2, Oak Lawn, IL, 60453 Listing by Cesar Sandoval
Unit for rent at 9600 S Komensky Avenue, Oak Lawn, IL, 60453

$1,800 /mo

  • 2 Beds
  • 2 Baths
9600 S Komensky Avenue #3W, Oak Lawn, IL, 60453 Listing by Vickie Soupos

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ron Wexler, Keller Williams Preferred Rlty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11412598
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 8220 Latrobe Avenue built and last sold?
The property at 8220 Latrobe Avenue was built in 1961 and last sold on May 31, 2023 for $340,000.
How much is this home worth?
The estimated value of the home located at 8220 Latrobe Avenue is $369,841.
What are some comparable homes to 8220 Latrobe Avenue?
There are currently no comparable homes to 8220 Latrobe Avenue.
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